Representing Africa Worldwide

Oil

5 min read

Middle East Conflict: A New Challenge for Global Markets As tensions rise in a region critical to energy markets and global trade, countries across the world, including those in South Asia and the West, are bracing for potential fallout.

2 months ago Shahid Siddiqui

The escalating conflict between Israel and Hamas, now spilling into southern Lebanon, presents serious risks for the global economy. As...

2 min read

Oil Retreats as Demand Concerns Offset Libya Supply Risks Brent crude futures were down 57 cents, or 0.72%, at $78.98 a barrel by 0838 GMT. U.S. West Texas Intermediate crude futures fell 60 cents, or 0.79% to $74.93.

4 months ago Shahid Siddiqui

Oil prices slipped on Wednesday on persistent concern over Chinese demand and elevated risks of a broader slowdown, though the...

2 min read

Oil Prices Fall on China Demand Fears, Focus on Mideast Talks Brent crude futures dropped 45 cents, or 0.56%, to $79.23 per barrel by 0646 GMT. U.S. West Texas Intermediate crude futures slid 58 cents, or 0.76%, to $76.07 a barrel.

4 months ago Shahid Siddiqui

TOKYO: Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on...

2 min read

Dangote’s Mega Refinery Seeks Libyan and Angolan Oil Amid Domestic Shortfalls The $20 billion refinery, built by Africa's richest man Aliko Dangote on the outskirts of Lagos is Africa's largest, and is designed to end Nigeria's dependence on imported fuels because of insufficient refining capacity.

5 months ago Shahid Siddiqui

LAGOS: Nigeria's Dangote Refinery, the continent's largest, is in negotiations with Libya to secure crude oil for its 650,000 barrels...

1 min read

Brazil Environmental Worker Strike Deepens Hit to Oil Output, Now at 200,000 bpd Brazil's state-run oil company Petrobras has acknowledged the labor stoppage is impacting operations in three offshore oil fields that need authorization from Ibama to increase production.

5 months ago Shahid Siddiqui

RIO DE JANEIRO: The impact on operations from a strike by workers at Brazil's environmental regulator has cut oil production...

2 min read

Google Says It Has Cracked a Quantum Computing Challenge With New Chip

2 days ago Shahid Siddiqui

4 min read

Syria’s Descent: From Democracy’s Promise to an Extremist Stronghold

3 days ago Shahid Siddiqui

4 min read

South Korea’s Yoon Survives Impeachment Move, But Party Leader Says President Will Resign

4 days ago Shahid Siddiqui

5 min read

Assad Under Threat as Syrian Rebels Draw Closer

4 days ago Shahid Siddiqui

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